Equipment Finance in 2015: On Track for Consistent Growth
By: Staff
In case you missed this very informative post from Equipment Finance Advisor, here is an excerpt and link to the full article expressing the opinions of four Finance Industry leaders. They discuss 2014 new business volume results and offer their expectations for 2015.
The four participants are: Anthony Cracchiolo, President and CEO of U.S. Bank Equipment Finance; Anthony Sasso, President of TD Equipment Finance; Chris Bucher, National Sales Manager at Regions Equipment Finance; and James Jenkins, National Sales Manager at SunTrust Equipment Finance & Leasing.
Equipment Finance Advisor: From a new business origination standpoint, please share your thoughts on 2014. Did 2014 meet, exceed or fall short of your expectations and why?
Anthony Cracchiolo: In the equipment finance markets, 2014 was weaker than expected. However, the last quarter of the year is showing considerable promise and is meeting our expectations. We believe that the uncertainty in the economy is continuing to weigh on equipment decisions and was the primary reason for weak expansion in equipment financing transactions in the middle of the year.
Anthony Sasso: The year 2014 exceeded all of our expectations. New business booked volume was up year-over- year by more than 30 percent. We experienced new business growth across all of our major business segments including Commercial, Healthcare and Government Finance. Overall, it was a great year for TD.
Chris Bucher: 2014 is tracking volume expectation, however spreads continue to migrate downward in the face of observed increase in number competitors per transactions. Industry segments supporting energy continue to be strong and supported 2014 volume. Competitively however, we see new entrants into this space, driving terms and rates.
For the full post, click here.
About Equipment Finance Advisor
Equipment Finance Advisor is the only publisher exclusively focused on providing new and exciting online resources for commercial finance professionals, finance decision makers, and professionals aligned with the commercial equipment finance industry. Our blend of unique content and interactive resources is designed to consistently engage decision makers from “both sides of the finance decision making desk”.
